WISeKey Signs Strategic Partnership Agreement with Synergy Quantum
15 March 2022 - 12:00AM
WISeKey Signs Strategic
Partnership Agreement with
Synergy Quantum
Geneva – March 14, 2022 – WISeKey International Holding Ltd
(“WISeKey “) (SIX: WIHN, NASDAQ: WKEY), a leading global
cybersecurity, AI, Blockchain and IoT company, announces the
signing of a strategic partnership with Synergy Quantum SA, a Swiss
based quantum technology company that offers high impact Industry
solutions using Quantum technologies, and has developed a
technology that protects private data with post-quantum end-to-end
encryption.
The purpose of the partnership is to offer the financial
services industry two-factor authentication based on current and
new post-quantum WISeKey semiconductors in combination with Synergy
Quantum post-quantum encryption solutions.
WISeKey and Synergy Quantum will co-develop post-quantum NFC/ID
card solutions for second factor identification and post-quantum
encryption chips and software platform for PQE tunnelling
solutions.
Of note, in October 2021, Synergy Quantum SA signed a joint
venture agreement with the I-Hub Quantum Technology Foundation,
under the National Mission for Interdisciplinary Cyber Physical
Systems, Ministry of Science and Technology, Government of India to
provide its knowhow and skills for the productization and
commercialization of co-developed technologies in the field of
quantum sciences.
On December 15, 2021, India’s Union Cabinet approved the Semicon
India Program (Program for Development of Semiconductors and
Display Manufacturing Ecosystem in India), with an outlay of INR
760 billion (>US$10 billion) for the development of a
sustainable semiconductor manufacturing ecosystem in India.
According to the India Electronics and Semiconductor Association,
semiconductor consumption in India was worth US$21 billion in 2019,
growing at the rate of 15.1 percent.
Carlos Moreira, CEO of WISeKey stated: “WISeKey has a highly
sophisticated supply chain that already covers a number of
countries in South-East Asia, and through this partership intends
not only to expand its geographic footprint and customer base in
India but intends to extend its supply chain in the country as
well.”
India intends to build up capabilities for post-quantum security
technologies identified under the National Mission on Quantum
Technologies. Despite the importance of post quantum cryptography,
there are currently only a few companies in India which provide
quantum-safe products. This makes it imperative for the Indian
government, and for Indian banks and industries, to ensure timely
safeguards for the same. The Indian government has earmarked an
outlay of Rs. 8000 Crores (1.2bn USD) over a period of 5 years for
the National Mission On Quantum Technologies And Applications.
Jay Oberai, Founder of Synergy Quantum, stated, “The deep tech
partership between Synergy Quantum and WISeKey will help India gain
a leadership position in the development of Quantum technologies
and secure semiconductor design and manufacturing.”
About WISeKeyWISeKey (NASDAQ: WKEY; SIX Swiss
Exchange: WIHN) is a leading global cybersecurity company currently
deploying large scale digital identity ecosystems for people and
objects using Blockchain, AI and IoT respecting the Human as the
Fulcrum of the Internet. WISeKey microprocessors secure the
pervasive computing shaping today’s Internet of Everything. WISeKey
IoT has an install base of over 1.5 billion microchips in virtually
all IoT sectors (connected cars, smart cities, drones, agricultural
sensors, anti-counterfeiting, smart lighting, servers, computers,
mobile phones, crypto tokens etc.). WISeKey is uniquely
positioned to be at the edge of IoT as our semiconductors produce a
huge amount of Big Data that, when analyzed with Artificial
Intelligence (AI), can help industrial applications to predict the
failure of their equipment before it happens.
Our technology is Trusted by the OISTE/WISeKey’s Swiss based
cryptographic Root of Trust (“RoT”) provides secure authentication
and identification, in both physical and virtual environments, for
the Internet of Things, Blockchain and Artificial Intelligence. The
WISeKey RoT serves as a common trust anchor to ensure the integrity
of online transactions among objects and between objects and
people. For more information, visit www.wisekey.com.
Press and investor contacts:WISeKey
International Holding LtdCompany Contact: Carlos
MoreiraChairman & CEOTel: +41 22 594
3000info@wisekey.com WISeKey
Investor Relations (US)Contact: Lena CatiThe Equity
Group Inc.Tel: +1 212 836-9611lcati@equityny.com
Disclaimer:This communication expressly or
implicitly contains certain forward-looking statements concerning
WISeKey International Holding Ltd and its business. Such statements
involve certain known and unknown risks, uncertainties, and other
factors, which could cause the actual results, financial condition,
performance, or achievements of WISeKey International Holding Ltd
to be materially different from any future results, performance or
achievements expressed or implied by such forward-looking
statements. WISeKey International Holding Ltd is providing this
communication as of this date and does not undertake to update any
forward-looking statements contained herein as a result of new
information, future events or otherwise.This press release does not
constitute an offer to sell, or a solicitation of an offer to buy,
any securities, and it does not constitute an offering prospectus
within the meaning of article 652a or article 1156 of the Swiss
Code of Obligations or a listing prospectus within the meaning of
the listing rules of the SIX Swiss Exchange. Investors must rely on
their own evaluation of WISeKey and its securities, including the
merits and risks involved. Nothing contained herein is, or shall be
relied on as, a promise or representation as to the future
performance of WISeKey.
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